How to Save on Lubbock Dodge Challenger Insurance

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Insurance rates Dodge Challenger in LubbockHow long has it been since you shopped around for more affordable Dodge Challenger insurance in Lubbock? If you're trying to find more affordable insurance on the web, are you baffled by the number of car insurance choices in your area? Lot's of other drivers are too. Vehicle owners have so many choices to choose from that it is a difficult challenge to find the perfect company for you. Lubbock is a great place to live, but high car insurance rates can make it hard for many residents to be able to afford adequate car insurance coverage limits.

Steps to finding low-cost Dodge Challenger insurance in Lubbock

The most effective way to get budget auto insurance rates in Lubbock is to make a habit of comparing prices annually from insurers who sell auto insurance in Texas. You can compare prices by following these steps.

  1. Get an understanding of what coverages are included in your policy and the factors you can control to prevent high rates. Many things that cause rate increases such as traffic violations and an imperfect credit rating can be controlled by making minor changes to your lifestyle. Later in this article we will cover more information to help prevent expensive coverage and get additional discounts that may be available.
  2. Compare rates from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only give prices from one company like GEICO and Allstate, while agents who are independent can give you price quotes from multiple sources. View rates
  3. Compare the new quotes to your existing rates and determine if there is any savings. If you find better rates and change companies, ensure coverage does not lapse between policies.
  4. Notify your agent or company of your intent to cancel your current auto insurance policy and submit the completed application along with a down payment to the new company. Make sure you put the proof of insurance paperwork in your glove compartment.

One tip to remember is that you'll want to compare identical limits and deductibles on every quote and and to get rates from every company you can. This helps ensure a fair rate comparison and a complete rate analysis.

It's amazing but nearly 70% of consumers have bought car insurance from the same company for more than four years, and just short of a majority have never compared rates to find affordable insurance. Many drivers in Lubbock could save approximately 70% every year just by shopping around, but they don't invest the time required to compare rates and save money.

If you have a current auto insurance policy, you will surely be able to shop for the lowest rates using the techniques covered below. This article's goal is to help you learn the best way to buy inexpensive auto insurance and how to save the most money. But Texas car owners must learn how companies market insurance on the web because rates fluctuate considerably.

The quickest method to get rate comparisons for Dodge Challenger insurance in Lubbock is to take advantage of the fact most insurance companies pay for the opportunity to give rate comparisons. The only thing you need to do is provide a little information such as whether you drive to work or school, deductibles desired, if it has an alarm system, and if you have an active license. Those rating factors is submitted instantly to multiple auto insurance providers and they return quotes within a short period of time.

To find lower affordable Dodge Challenger insurance rates now, click here and complete the quick form.

The companies in the list below have been selected to offer price comparisons in Texas. To get cheap car insurance in Lubbock, it's highly recommended you visit several of them to get the best price comparison.

Coverage information

The premium information below outlines detailed analysis of insurance coverage prices for Dodge Challenger models. Knowing how prices are calculated can be useful when making smart choices when buying a car insurance policy.

Dodge Challenger Insurance Rates in Lubbock, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Challenger SE $286 $486 $404 $24 $122 $1,322 $110
Challenger R/T $314 $558 $404 $24 $122 $1,422 $119
Challenger SRT-8 $344 $632 $404 $24 $122 $1,526 $127
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Data rating is based on married female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, safe-driver, and multi-policy. Rate information does not factor in specific zip code location which can decrease or increase coverage prices noticeably.

Physical damage deductible comparison

One common question asked by Lubbock drivers is how high should your deductibles be. The comparisons below may help to illustrate the rate differences of buying low and high physical damage deductibles. The first set of rates uses a $100 deductible for comp and collision and the second set of prices uses a $1,000 deductible.

Dodge Challenger insurance premium estimates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Challenger SE $412 $698 $430 $26 $128 $1,719 $143
Challenger R/T $454 $804 $430 $26 $128 $1,867 $156
Challenger SRT-8 $496 $908 $430 $26 $128 $2,013 $168
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Dodge Challenger insurance premium estimates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Challenger SE $228 $368 $430 $26 $128 $1,180 $98
Challenger R/T $252 $424 $430 $26 $128 $1,260 $105
Challenger SRT-8 $276 $478 $430 $26 $128 $1,338 $112
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Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, multi-policy, and safe-driver. Prices do not factor in the specific area where the vehicle is garaged which can raise or lower auto insurance rates substantially.

Using the premium rates above, we can conclude that using a $100 deductible will cost you approximately $51 more each month or $612 every year across all Dodge Challenger models than choosing the higher $1,000 deductible. Because you would be required to pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you tend to average at a minimum 18 months between claim filings, you would save more money going with the higher deductible.

How to calculate if higher deductibles make sense

Average monthly premium for $100 deductibles: $156
Average monthly premium for $1,000 deductibles (subtract): - $105
Monthly savings from raising deductible: $51
Difference between deductibles ($1,000 - $100): $900
Divide difference by monthly savings: $900 / $51
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 18 months

An important sidenote is that raising deductibles to get cheaper rates means you will have to pay more out-of-pocket when you have to file a claim. You need some savings in the event you have to pay the deductible.

The example below shows how choosing a deductible and can change Dodge Challenger insurance rates for each age group. The costs are based on a married male driver, full coverage, and no policy discounts are applied.

Drive safe and save

The chart below highlights how traffic violations and at-fault claims can affect Dodge Challenger insurance prices for different ages of insureds. The rates are based on a married female driver, full coverage, $500 deductibles, and no other discounts are factored in.

Full coverage rates vs. liability-only in Lubbock

The chart below compares Dodge Challenger auto insurance costs with full coverage compared to only the Texas minimum liability coverage. The information is based on a clean driving record, no at-fault accidents, $500 deductibles, single status, and no discounts are factored in.

When to stop paying for full coverage

There isn't a written rule that is best for determining when to drop physical damage coverage, but there is a guideline you can use. If the yearly cost of full coverage is about 10% or more of replacement cost minus your deductible, then you may need to consider dropping full coverage.

For example, let's pretend your Dodge Challenger settlement value is $8,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $7,000 after you pay the deductible. If you are paying in excess of $700 annually for comprehensive and collision coverage, the it may be a good time to stop paying for full coverage.

There are a few cases where dropping physical damage coverage is not financially feasible. If you still owe money on your vehicle, you have to keep full coverage in order to prevent your loan from defaulting. Also, if you don't have enough money to buy a different vehicle if your current one is damaged, you should not buy liability only.

How You Can Control Dodge Challenger Insurance Premiums

Many different elements are used in the calculation when you quote your car insurance policy. Some are pretty understandable such as your driving record, but other factors are less obvious like your vehicle usage or how safe your car is. It's important that you understand the rating factors that are used to determine your auto insurance rates. When consumers understand what determines base rates, this empowers consumers to make smart changes that may result in lower rates.

The items below are a few of the things that factor into your rate level.

  • File claims and pay more - If you file claims often, you can definitely plan on either a policy non-renewal or much higher rates. Companies in Texas give discounts to insureds who file claims infrequently. Your car insurance is designed for claims that you cannot pay yourself.
  • Credit score impacts premium premiums - An insured's credit score can be a huge factor in your rate calculation. Drivers who have high credit ratings tend to be better drivers and file fewer claims than those with poor credit. If your credit rating is lower than you'd like, you could potentially save money when insuring your Dodge Challenger if you clean up your credit.
  • Discounts for married drivers - Being married actually saves money on auto insurance. Marriage may mean you are more responsible and it's proven that married couples file fewer claims.
  • Qualify for multi-policy discounts - Lots of insurers provide a discount to insureds that buy multiple policies such as combining an auto and homeowners policy. Discounts can be as much as ten percent or more Even with this discount applied, you may still want to shop around to make sure you are getting the best deal. You may still be able to save even more by splitting coverages up.
  • Performance impacts insurance prices - The performance of the car you need insurance for makes a big difference in your car insurance bill. The most favorable rates are generally reserved for low performance passenger cars, but many other things help determine your insurance rates.

    The following chart is based on a married female driver age 20, full coverage with $1000 deductibles, and no discounts or violations. It shows Dodge Challenger insurance premiums compared to other makes and models that have different performance rating factors.

  • Cheaper rates with high deductibles - Physical damage deductibles define how much you are required to pay before your auto insurance pays a claim. Physical damage coverage, also known as collision and other-than-collision, covers damage that occurs to your car. A few examples of covered claims could be a windshield broken by a bird, hail damage, and damage caused by road hazards. The more of the claim you have to pay, the less money you will pay for auto insurance.
  • Urban areas may pay more - Residing in small towns and rural areas may provide you with better prices when buying auto insurance. Drivers who live in large cities have to deal with traffic congestion and longer commute times. Less people translates into fewer accidents in addition to lower liability claims.
  • Fewer miles means better costs - The more miles you rack up on your Dodge every year the more you'll pay to insure your vehicle. Most insurance companies calculate prices based upon how you use the vehicle. Vehicles used primarily for pleasure use receive better premium rates as compared to vehicles used primarily for driving to work. It's a smart idea to ensure your auto insurance declarations sheet shows annual mileage, because it can save money. Having an incorrect usage rating on your Challenger may be costing you.

Why you need to buy auto insurance

Even though Lubbock Challenger insurance rates can get expensive, maintaining insurance may be required for several reasons.

  • Almost all states have compulsory liability insurance requirements which means the state requires specific minimum amounts of liability insurance in order to be legal. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
  • If your Challenger has a loan, it's most likely the lender will stipulate that you have full coverage to guarantee their interest in the vehicle. If the policy lapses, the bank may buy a policy for your Dodge for a lot more money and make you pay a much higher amount than you were paying before.
  • Insurance safeguards both your assets and your car. It also can pay for medical bills for both you and anyone you injure as the result of an accident. Liability insurance will also pay for a defense attorney if someone files suit against you as the result of an accident. If you receive damage to your vehicle caused by a storm or accident, comprehensive and/or collision insurance will pay to repair the damage.

The benefits of carrying enough insurance more than cancel out the cost, specifically if you ever have a liability claim. According to a recent study, the average American driver is overpaying more than $820 a year so smart consumers compare quotes each time the policy renews to ensure rates are competitive.

Car insurance companies ranked

Selecting the right car insurance company is hard considering how many companies are available to choose from in Lubbock. The ranking data in the lists below may help you decide which coverage providers to look at comparing rates with.

Top 10 Lubbock Car Insurance Companies Ranked by Customer Satisfaction

  1. USAA - 91%
  2. AAA Insurance - 90%
  3. Esurance - 90%
  4. Mercury Insurance - 89%
  5. Nationwide - 89%
  6. Travelers - 88%
  7. Progressive - 88%
  8. Safeco Insurance - 88%
  9. State Farm - 88%
  10. Allstate - 88%

Top 10 Lubbock Car Insurance Companies Ranked by Claims Service

  1. Travelers
  2. Nationwide
  3. Allstate
  4. State Farm
  5. Liberty Mutual
  6. GEICO
  7. American Family
  8. Esurance
  9. Titan Insurance
  10. AAA Insurance